Start-up Everimpact has secured support from eight shipping conglomerates and a fresh US$1.6M seed investment to bring its carbon monitoring and measuring IoT hardware solution to the maritime industry.
Everimpact’s hardware is reportedly the only IoT capable of measuring real carbon emissions on an industrial or city-scale. The solution uses data from satellites, sensors, traffic, buildings, and other IoT devices to monitor greenhouse gas (GHG) emissions.
It has been used by different city councils including London, Manchester, Telefonica & Barcelona, and many others to measure city emissions. It is now being backed by shipping companies to develop and bring the IoT solution to the maritime industry.
Once used onboard ships, the system will display via a dashboard real-time actual CO2 data captured by IoT sensors installed on the exhaust stacks of ships, giving shipowners visibility on ways to optimise their operations.
The solution will be installed and trialled on a select number of ships owned by Mitsubishi Corporation in order to validate the system before commercialisation at scale.
The oversubscribed US$1.6M seed round was led by Motion Ventures and included Asian Development Bank’s venture arm (ADB Ventures), MOL Plus, IMC Ventures, Blue Star Group, Rainmaking and more.
Accelerating the engineering of Everimpact’s hardware to measure physical carbon emissions on vessels will solve one of the shipping’s most overdue challenges. Complexities – like cost of hardware, extreme temperatures in exhaust stacks and weather conditions – have prevented others from cracking the code but by joining hands with maritime’s most influential through our engineering collaboration and seed raise, we really have the best opportunity to see market adoption,” said Mathieu Carlier, founder and CEO, Everimpact.
Nakul Malhotra, vice president emerging opportunities portfolio – maritime services, Wilhelmsen said: “Everimpact’s solution is already proven for urban environments but we now have an opportunity to take it significantly further. Our collaborative work could help them take a leap forward in the maritime industry and then have ripple effects on other industries too – making the hardware work onboard one of the most harsh operational settings opens up possibilities to introduce it to almost any industrial setting thereafter.”
Takafumi Oka, general manager of ship dept., Mitsubishi Corporation said: “We believe that this project will help transform the maritime industry into one that is more transparent and reliable for carbon emission monitoring and reporting. This solution offers great potential for the industry at large to create value for supply chains around the world. Making carbon emission visibility possible aligns with new regulatory and compliance measures, such as CII and the carbon pricing market. We hope we can utilise the domain knowledge of each stakeholder and maximise the valuable expertise they each bring to the table as we embark on this exciting journey with our reliable partners.”